Baird Maintains Underperform on United Rentals, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mircea Dobre maintains an Underperform rating on United Rentals (NYSE:URI) and raises the price target from $300 to $320.
July 28, 2023 | 10:00 am
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NEUTRAL IMPACT
United Rentals' price target has been raised from $300 to $320 by Baird, though the Underperform rating is maintained.
While the price target increase for United Rentals indicates a positive outlook, the maintained Underperform rating suggests that the analyst still expects the stock to underperform. This mixed signal could lead to uncertainty in the market, potentially keeping the stock's price movement neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100